Welcome to our dedicated page for Select Water Solutions news (Ticker: WTTR), a resource for investors and traders seeking the latest updates and insights on Select Water Solutions stock.
The WTTR news page on Stock Titan aggregates recent announcements and disclosures from Select Water Solutions, Inc., a provider of sustainable water and chemical solutions to the energy industry. Readers can follow how the company’s Water Services, Water Infrastructure and Chemical Technologies segments perform over time through quarterly earnings releases, operational updates and strategic project news.
Company news frequently covers financial and operational results, where Select reports consolidated revenue, segment performance, gross margins and adjusted EBITDA, along with commentary on trends in recycling volumes, disposal activity and chemical product sales. These releases often outline how the business mix is evolving, including efforts to grow infrastructure‑based, contracted revenues and to rationalize certain service operations.
Another recurring theme in WTTR news is infrastructure growth and long‑term contracts. Select regularly announces new water infrastructure projects in basins such as the Permian and the Northern Delaware Basin in New Mexico, backed by dedicated acreage and rights of first refusal. Updates describe expansions of recycling capacity, disposal networks, and pipeline systems, as well as asset acquisitions or swaps that add landfills, treatment plants and other facilities.
News items also highlight capital allocation and shareholder returns, including recurring quarterly cash dividend declarations on Class A common stock and comparable distributions to SES Holdings, LLC unitholders. In addition, readers will find coverage of projects such as the produced water lithium extraction facility in partnership with Mariana Minerals, which illustrates Select’s efforts to monetize minerals in produced water streams through royalty‑based arrangements.
Investors and observers can use this page to review historical press releases, track management’s commentary on market conditions and strategy, and monitor developments such as the company’s dual listing on NYSE Texas, executive compensation arrangements disclosed in 8‑K filings, and updates on infrastructure backlogs. Bookmark this page to access an organized stream of WTTR‑related news as it is released.
Select Energy Services (NYSE: WTTR) reported a significant revenue drop in Q2 2020, at $92.2 million, down from $278.3 million in Q1 2020 and $323.9 million in Q2 2019. The company faced a net loss of $53.0 million, contrasting sharply with a net income of $8.1 million in Q2 2019. Gross margins plummeted to -25.7% from 5.5% in Q1 2020. Despite these challenges, Select achieved $56 million in cash flow from operations and reduced capital expenditures to effectively zero. The company maintains a strong balance sheet with $166 million in cash and no bank debt as of June 30, 2020.
Select Energy Services (NYSE: WTTR) has announced its second quarter 2020 financial results will be released on August 4, 2020, after market close. A conference call to discuss these results is scheduled for August 5, 2020, at 10:00 a.m. Eastern Time. This call will be accessible by phone or online. A replay of the call will be available until August 19, 2020. Select Energy Services specializes in total water management and chemical solutions for the unconventional oil and gas industry in the United States.